HL Trading platform
Discussion
Hi Guys
I have just opened a share dealing account with the above but I have not yet made a trade.
My question is does anyone else use HL and if so what are your thoughts, I have been using there web site and I must say I am very impressed with the way it is set out they also give you a nice brucie bonus when you transfer your portfolio.
I have been using another platform for years now and I am increasing unhappy with them.
I have just opened a share dealing account with the above but I have not yet made a trade.
My question is does anyone else use HL and if so what are your thoughts, I have been using there web site and I must say I am very impressed with the way it is set out they also give you a nice brucie bonus when you transfer your portfolio.
I have been using another platform for years now and I am increasing unhappy with them.
I have trading accounts with Barclays Smart Investor, Halifax iWeb and HL.
I often open all three at the same time and carry out mirror trades on each platform to keep the three accounts balanced.
My observation is that HL consistently offer far wider bid-offer spreads and often won’t even trade at all.
Barclays offer the best prices with IWeb very close and HL miles away.
My latest trade for example was a sale. Identical volumes. I got 772p on Barclays, 770p on iWeb and 762p on HL.
iWeb are very cheap and cheerful. There’s some shares they won’t trade like VCT’s but they do a good job with low charges. Barclays offer a far more comprehensive service but charge fees. HL are just very expensive. Trading fees are high and spreads are crazy.
I often open all three at the same time and carry out mirror trades on each platform to keep the three accounts balanced.
My observation is that HL consistently offer far wider bid-offer spreads and often won’t even trade at all.
Barclays offer the best prices with IWeb very close and HL miles away.
My latest trade for example was a sale. Identical volumes. I got 772p on Barclays, 770p on iWeb and 762p on HL.
iWeb are very cheap and cheerful. There’s some shares they won’t trade like VCT’s but they do a good job with low charges. Barclays offer a far more comprehensive service but charge fees. HL are just very expensive. Trading fees are high and spreads are crazy.
chels said:
they also give you a nice brucie bonus when you transfer your portfolio.
I have been using another platform for years now and I am increasing unhappy with them.
Fidelity is offering up to £1K cashback if you move your pension to them.I have been using another platform for years now and I am increasing unhappy with them.
At this rate we'll have 'comparetheplatform.com' and switch every year, like utilities...
What was the platform you didn't like?
Simpo Two said:
chels said:
they also give you a nice brucie bonus when you transfer your portfolio.
I have been using another platform for years now and I am increasing unhappy with them.
Fidelity is offering up to £1K cashback if you move your pension to them.I have been using another platform for years now and I am increasing unhappy with them.
At this rate we'll have 'comparetheplatform.com' and switch every year, like utilities...
What was the platform you didn't like?
WindyCommon said:
Pity their information is so badly out of date.There’s a red cross indicating that Fidelity don’t do share dealing, but they do. They’ve offered that service for at least six months.
(I’ve sent them a message to report the error; lets see if they update their site.)
Edited by Dr Mike Oxgreen on Saturday 3rd November 02:38
wilwak said:
I have trading accounts with Barclays Smart Investor, Halifax iWeb and HL.
I often open all three at the same time and carry out mirror trades on each platform to keep the three accounts balanced.
My observation is that HL consistently offer far wider bid-offer spreads and often won’t even trade at all.
Barclays offer the best prices with IWeb very close and HL miles away.
My latest trade for example was a sale. Identical volumes. I got 772p on Barclays, 770p on iWeb and 762p on HL.
iWeb are very cheap and cheerful. There’s some shares they won’t trade like VCT’s but they do a good job with low charges. Barclays offer a far more comprehensive service but charge fees. HL are just very expensive. Trading fees are high and spreads are crazy.
Isn't the price set by the market makers rather then the trading platform?I often open all three at the same time and carry out mirror trades on each platform to keep the three accounts balanced.
My observation is that HL consistently offer far wider bid-offer spreads and often won’t even trade at all.
Barclays offer the best prices with IWeb very close and HL miles away.
My latest trade for example was a sale. Identical volumes. I got 772p on Barclays, 770p on iWeb and 762p on HL.
iWeb are very cheap and cheerful. There’s some shares they won’t trade like VCT’s but they do a good job with low charges. Barclays offer a far more comprehensive service but charge fees. HL are just very expensive. Trading fees are high and spreads are crazy.
b
hstewie said:
hstewie said: I'm in two minds with platforms.
One one hand it feels like it's turned into a race to the bottom.
On the other hand after a few years of ISA contributions you're looking at £80K and above FSCS thresholds so at some point surely you should care who you're trusting with a lot of money?
The money you see 'on' the platform isn't (necessarily) invested with the company who owns the platform; it's with the different places you're invested in.One one hand it feels like it's turned into a race to the bottom.
On the other hand after a few years of ISA contributions you're looking at £80K and above FSCS thresholds so at some point surely you should care who you're trusting with a lot of money?
You don't *need* a platform, it just makes it easier to shuffle stuff about and get accounting info. And you pay for that convenience; whether it's worth it is a moot point.
This thread has sharedealing and platforms conflated.
Simpo Two said:
bhstewie said:
hstewie said: I'm in two minds with platforms.
One one hand it feels like it's turned into a race to the bottom.
On the other hand after a few years of ISA contributions you're looking at £80K and above FSCS thresholds so at some point surely you should care who you're trusting with a lot of money?
The money you see 'on' the platform isn't (necessarily) invested with the company who owns the platform; it's with the different places you're invested in.One one hand it feels like it's turned into a race to the bottom.
On the other hand after a few years of ISA contributions you're looking at £80K and above FSCS thresholds so at some point surely you should care who you're trusting with a lot of money?
You don't *need* a platform, it just makes it easier to shuffle stuff about and get accounting info. And you pay for that convenience; whether it's worth it is a moot point.
This thread has sharedealing and platforms conflated.
Fair enough 
I was going off an episode I read about which suggested it's not always that simple, though it may have been a very specific situation https://moneyweek.com/488411/paying-to-get-your-sh...
I was going off an episode I read about which suggested it's not always that simple, though it may have been a very specific situation https://moneyweek.com/488411/paying-to-get-your-sh...Gassing Station | Finance | Top of Page | What's New | My Stuff